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Gold Dips 1% While Silver Gains on MCX Amid Strong Dollar and Yields
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CNBC TV18•05-10-2026, 14:01
Gold Dips 1% While Silver Gains on MCX Amid Strong Dollar and Yields
- •Gold futures for December delivery on the MCX fell nearly 1% to ₹1.49 lakh per 10 grams, pressured by a stronger US dollar and elevated bond yields.
- •Silver bucked the trend, with December futures rising over 0.5% on the MCX to ₹2.27 lakh per kg, tracking firmer global trends.
- •Analysts note that gold is currently caught between softer US economic data and high Treasury yields, keeping it in a consolidating phase.
- •Market participants are closely eyeing upcoming US economic data, central bank rate expectations, and geopolitical developments for the next major price triggers.
Key Questions Answered
Gold prices fell nearly 1% in futures trade on October 5, 2026, due to a stronger US dollar and elevated bond yields. Conversely, silver gained over 0.5% on the Multi Commodity Exchange by tracking a firmer global trend.
On the Multi Commodity Exchange, gold for December delivery fell by ₹1,020 to reach ₹1.49 lakh per 10 grams. Meanwhile, silver for December delivery rose by ₹1,223, or 0.54%, to hit ₹2.27 lakh per kg.
Analysts expect gold to remain range-bound with support at ₹1.45 lakh and resistance at ₹1.51 lakh per 10 grams. The Federal Reserve's October policy decision is anticipated to be the next major trigger for bullion markets.
